Thursday, April 19, 2007

Talk about a good investment. A recent study by New York City researchers has determined that:

"Factoring in the costs associated with planting and upkeep, New York City’s street trees provide an annual benefit of about $122 million, according to the Parks Department. The study concludes that New York receives $5.60 in benefits for every dollar spent on trees."

1 Comments:

Of course, the study considered how trees increase property values and factored in that trees have the most financial benefit when they are large, mature trees in front of single-family homes. A single tree in front of a house can add thousands to the property value. So, it seems the average value of $5.60 per tree would be largely contributed by trees planted decades ago in front of houses few people can afford to buy.

Links to this post:

About

Open Space Seattle 2100: Designing Seattle's Green Network for the Next Century
University of Washington, the City of Seattle, the Urban Land Institute and other organizations are sponsoring Open Space Seattle: 2100, a design and planning process to formulate a 100-year vision for Seattle's comprehensive open space network. Join us for inspiring lectures, and start forming your team for a 2-day visioning charrette on February 3 and 4, 2006.
Email: open2100@u.washington.edu